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the deadline for the expiration of the bush i've era tax cuts, the obama tax cuts that help the economy, and the deficit. raising the ceiling on the debt. my feeing is they probably can go past january 1 but not far past it. and still not fall off the cliff. around january 15th. >> so now if there are to be some real groundwork laid by congress as they return after the holiday weekend, what really needs to get done, if we look at over the next six weeks, even though you say we've got past january 1, what should they try to accomplish this week? >> well, i think they need to start to spell out spending cuts. i mean, the president has made clear what he wanted in the way of additional revenue and there are a couple of different ways of getting there. now the president has to talk about the spending cuts that he is willing to accept. he needs to give republicans cover to come on board. right now, the list of republicans that are willing to come on board is very short. and he's just not going to get there with that list. he needs to talk specifically about how he's going to deal with entitl
the deadline for the expiration of the bush i've era tax cuts, the obama tax cuts that help the economy, and the deficit. raising the ceiling on the debt. my feeing is they probably can go past january 1 but not far past it. and still not fall off the cliff. around january 15th. >> so now if there are to be some real groundwork laid by congress as they return after the holiday weekend, what really needs to get done, if we look at over the next six weeks, even though you say we've got past...
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Nov 25, 2012
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if congress and president obama fail to reach an agreement massive tax cuts and spending cuts automatically kick in january 1. anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli officials are expected to meet monday to discuss details of that cease-fire. >>> to egypt now where what's happening makes well, the arab spring look like it never ended. we remember the crowds of demonstrators, protesters, a regime bent on consolidating and preserving its power. that was then. this is the scene right now. demonstrators are back spending the night in tahrir square. president mohamed morsi announced sweeping new powers for himself. ordering egyptian court not to overturn any de
if congress and president obama fail to reach an agreement massive tax cuts and spending cuts automatically kick in january 1. anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to...
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Nov 25, 2012
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-- or announced cuts in spending, why those tax hikes don't add up to anything meaningful and we'll talk with the ceo of cke restaurants, andy puzder and says, tax rates will stifle economic growth and our favorite doctors are here, to psychoanalyze the scandal that brought down the head of the cia. we are delighted to be joined, now, by the admiral james lyons, retired commander of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back with you, lou. >> lou: let's turn, to first, the talking pois. which, it seems that no one after general petraeus made it clear there had been changes in those talking points, the testimony before congress s been surveyed, and congressman mike rogers, the chair of the house intelligence committee, said, it has to be the white house, because everybody else has testified that they didn't. do you agree? >> i agree. and, in that deputy's committee i'm hurry the white house representative and the national securityfrom the national security agency, council, had his marching orders. >> lou: his marching orde
-- or announced cuts in spending, why those tax hikes don't add up to anything meaningful and we'll talk with the ceo of cke restaurants, andy puzder and says, tax rates will stifle economic growth and our favorite doctors are here, to psychoanalyze the scandal that brought down the head of the cia. we are delighted to be joined, now, by the admiral james lyons, retired commander of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back...
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Nov 25, 2012
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huge tax increases and spending cuts would automatically kick in january 1st. today several key republicans backed away from a pledge banning tax hikes including senator lindsey graham and congressman peter king. are we inching closer to some potential compromise. athena joan has been following the fiscal cliff negotiations. >> martin, with congress returning this weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are wondering if this week will prove a turning point for republicans and democrats. members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise i think first of all the markets are going to start reacting. >> it's not a done deal and not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cli
huge tax increases and spending cuts would automatically kick in january 1st. today several key republicans backed away from a pledge banning tax hikes including senator lindsey graham and congressman peter king. are we inching closer to some potential compromise. athena joan has been following the fiscal cliff negotiations. >> martin, with congress returning this weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are...
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Nov 25, 2012
11/12
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after meeting with president obama before the thanksgiving holiday -- >> well, i want to welcome the conventional leadership here -- >> reporter: congressional leaders express optimism about reaching a deal to avoid $500 billion in tax increases and spending cuts set to take effect next year. >> we had a very constructive meeting with the president to talk about america's fiscal problem. >> we have the corner stones of being able to work something out. >> reporter: staffers have been working behind the scenes to find common ground. the big sticking points, how to bring in more tax revenue and reduce things like medicare. but it's not clear when the president and lawmakers will meet next. and even if some progress is made this week, a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions ear early. they tend to do bet when they have a deadline. i would be pleasantly surprised to see a deal emerge earlier ler than the end of the year, but we'll see. >> reporter: senate majority leader harry reid said before the break that they hoped to h
after meeting with president obama before the thanksgiving holiday -- >> well, i want to welcome the conventional leadership here -- >> reporter: congressional leaders express optimism about reaching a deal to avoid $500 billion in tax increases and spending cuts set to take effect next year. >> we had a very constructive meeting with the president to talk about america's fiscal problem. >> we have the corner stones of being able to work something out. >> reporter:...
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Nov 25, 2012
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by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the spending curves of social security and medicare and medicaid and see that they are going towards bankruptcy. social security for example right now congress has for so long been stealing money from the social security fund. we are years away from that flipping so that your taxes to pay social security. >> let me jump in. i understand that argument as well in terms of having the entitlement programs basically bankrupt the system. not saying the gop wants to cut it across the board they want to limit it. talk to the people, though, we start to hear social security going out the window and some of the entitlement programs going by the wayside. makes people nervous. talk to people in terms of understanding not really a way to try to panic b
by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the spending curves of social security and medicare and medicaid and see that they are going towards bankruptcy. social security for example right now congress has for so long been stealing...
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Nov 25, 2012
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however, we are alonging at the possibility of massive defense cuts. we have new personnel, as you suggested, coming in potentially to state, defense, and c.i.a., and we have our whole national security apparatus being overhauled at a time when we are in great peril as reporting from the middle east, particularly gaza strip and israel suggests. >>gregg: president obama, it can be said, has a checkered record on national security. yes, as doug points out, he escalated the drone attacks but, of course, he ignored advance warnings of a terrorist attack in benghazi, ignored the pleas for help, how do you reconcile or explain that unless this is just a conflicted and unsure president? >>guest: well, it is fairly schizophrenic. if you just look at the president's approach on terrorists, right from the beginning of the administration, it is almost like he wanted to bend over backwards to respect the rights of terrorists who were protected or captureed as a prisoner of the united states, but, at the same time, he expanded the use of drones and not just against
however, we are alonging at the possibility of massive defense cuts. we have new personnel, as you suggested, coming in potentially to state, defense, and c.i.a., and we have our whole national security apparatus being overhauled at a time when we are in great peril as reporting from the middle east, particularly gaza strip and israel suggests. >>gregg: president obama, it can be said, has a checkered record on national security. yes, as doug points out, he escalated the drone attacks...
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Nov 25, 2012
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secondly, if you have obama care in place, people don't have to worry about being cut out of health care because health care insurance will now be universal and will continue at whatever age you are. so i think there's more maneuvering there as well and they visited 100 congressional offices, 90 democrats and they did hear the ice cracking up with the republican, no new taxes pledged. and if you don't restrain entitlement spending, it eats up all of the money that you want to spend on education, infrastructure, or the big problems that we have done in this country, like sending the money to the moon or building a highway system. we want to have the ability to have that kind of money to invest and you can't do that if it grows unabated. >> let's say he gets most of what he wants. what is next? and how much is he going to achieve? andy, the same question to you, so think about that. >> first, i think he will fulfill some of the promises that he made in the first term. immigration reform. and more energy, clean energy. i think he sees that as a big job booster. and he has said that that's a
secondly, if you have obama care in place, people don't have to worry about being cut out of health care because health care insurance will now be universal and will continue at whatever age you are. so i think there's more maneuvering there as well and they visited 100 congressional offices, 90 democrats and they did hear the ice cracking up with the republican, no new taxes pledged. and if you don't restrain entitlement spending, it eats up all of the money that you want to spend on...
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Nov 25, 2012
11/12
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here. >> reporter: they express optimism about leaching a deal to avoid tax increases and spending cuts to take effect next year. >> we had a constructive meeting with the president to talk about america's physical problem. >> we have the cornerstones of being able to work something out. the. >> reporter: they have been working behind the scenes to find the common ground. how to bring in more tax revenue and reduce spending on programs like medicare. but it is not yet cheer when lawmakers and the president will meet mix. even if some progress is made next week. a final deal can and long way off. >> we rarely see the hill and the white house make decisions early. they 10 to do better when they have a deadline. so, i would be pleasantly surprised to see a deal emerge earlier than at the end of the year. but we will see. >> that was athena jones reporting. >>> analysis suggests if a compromise is not reached. 49,000 californians could be hit with new taxes and the state could be grown into a $11 billion deficit. >>> they could vote next week on an immigration bill that would extend visas f
here. >> reporter: they express optimism about leaching a deal to avoid tax increases and spending cuts to take effect next year. >> we had a constructive meeting with the president to talk about america's physical problem. >> we have the cornerstones of being able to work something out. the. >> reporter: they have been working behind the scenes to find the common ground. how to bring in more tax revenue and reduce spending on programs like medicare. but it is not yet...
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Nov 25, 2012
11/12
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this is a big question for the obama administration. >> age should be cut off. the president's apparent topic for secretary of state susan rice came out and praised president morsi as well. >> that is exactly what all dictators say if we look at history and we have seen the dictators who have subjected their population to misery for years and decades and decades obviously once they come to power and enjoy the perks they are not going to let it go. we knew that going into it those of us who come from the middle east who monitor the middle east we knew what the plan of the muslim brotherhood is and we know they want to bring in an islamic rule to egypt. they did not feel that mubiarek was religious enough. he was secular. they looked at him as a pawn in the hands of the west. therefore they want to bring back the islamic pride. the people in eye egypt are concerned about that. egypt is the second largest islamic country in the world with 80 million people after indonesia. this is dangerous to the rewest and middle east as well. >> no wonder they are scared it coul
this is a big question for the obama administration. >> age should be cut off. the president's apparent topic for secretary of state susan rice came out and praised president morsi as well. >> that is exactly what all dictators say if we look at history and we have seen the dictators who have subjected their population to misery for years and decades and decades obviously once they come to power and enjoy the perks they are not going to let it go. we knew that going into it those of...